Trayport, 3i Infotech To Offer Integration Of Risk Mgmt And Trading Systems

Trayport Limited, a GFI Group company and provider of exchange trading solutions, has announced that its exchange platform has full integration with 3i Infotech’s Risk Management Solution (RMS), Surveillance (AWACS) and Order Management System (TRADIS) and both companies will use their combined experience to bring proven international technology to commodities exchanges in India. RMS is a real-time Risk Management and Post Trade Analysis System. It also offers exchanges a real-time Surveillance System that allows them to proactively monitor and contain risks. All major risk parameters are monitored in real time with exception alerts.

“Trayport’s technology is fast becoming the benchmark for European energy trading, enabling many exchange operated pure electronic markets in power, emissions, freight, coal and gas. Now combining advanced trading and risk management systems from Trayport and 3i Infotech, we believe that Indian commodities exchanges will now also gain the proven and tested tools needed to meet the demands of a quickly growing global marketplace where new market participants are being seen daily. These solutions have the additional advantage of being able to scale and adapt, as the market grows in India,” said Paul Constantinou, Head of Exchange Sales, Trayport.

The bulk and retail supply of power in India changed with the introduction of the Electricity Act in 2003. This led to open access of the transmission network with de-licensing of captive power generation. The Act also led to the introduction of trading as a distinct activity as well as phased open access of the distribution network by respective state utilities. This has provided consumers with more choice subject to open access regulations.

As a result, power exchanges in India are now looking for proven trading platforms with risk and surveillance systems that encourage trading, but have a high level of monitoring and management of risk.